Ukraine isn’t satisfied with Slovakia’s proposal for a pipeline link that allows the shipment of natural gas from the west, saying it lacks the needed capacity, a Slovak Economy Ministry spokesman said.
Russia will dip into its rainy-day wealth funds next year to finance Crimea, the Black Sea region absorbed from Ukraine, even as the economy faces stagnation, said four people with knowledge of government discussions.
It’s unlikely the U.S. president will be shopping on First Aeroportovskaya Street in Moscow anytime soon. Just in case, Magazin Myod, a small store selling honey and beeswax, has a sign on its door saying, “Sanctions: Barack Obama is prohibited from entering.”
The German government has deferred a decision on granting Russian export licenses to Airbus Group NV’s defense and space arm after Vladimir Putin’s annexation of Crimea, two people familiar with the negotiations said.
Spain is considering creating asset-backed securities from 7 billion euros ($9.7 billion) of mortgages owned by Catalunya Banc SA, a lender rescued by the state in 2011, according to two people familiar with the matter.
The International Monetary Fund cut its forecast for Russia’s economy, citing the standoff with the U.S. and Europe over Ukraine, as the government in Moscow warned this year’s growth may slow to the least since a 2009 recession.
Goldman Sachs Group Inc. said Hungarian Prime Minister Viktor Orban’s re-election means “unpredictable” policies that risk weighing on growth, as the nation’s bonds suffer East Europe’s worst returns after Russia.